
22 November 2024 | 28 replies
Rather than comparing Lenders/DSCR loans solely based on these factors, I would advise you to focus on below questions and prioritize what you really need in the DSCR loan/Lender?

20 November 2024 | 1 reply
Curious want the rental demand is now, compared to 5 years ago...Thanks!

22 November 2024 | 12 replies
Very sorry to hear that :(What is the land value and also the replacement cost i.e. cost to rebuild a comparable unit?

22 November 2024 | 33 replies
Yes, if anything its easier since no residential restrictions. savvy participants.Harder because you have to know how to present a property, typically have to spend on chase costs prior to assigning.

20 November 2024 | 9 replies
Generally 1-4 units have better terms compared to 5-8 unit programs.

20 November 2024 | 2 replies
It’s a neighborhood that’s gaining momentum as more investors discover it.Key ROI Factors:Low entry prices compared to other urban neighborhoods.High appreciation rates as demand spills over from nearby areas like Berry Hill and Wedgewood-Houston.Pro Tip: Look for 1950s ranch-style homes with potential for open-concept layouts.4.

20 November 2024 | 15 replies
What's good here in Columbus is aside from being a great market to find cash flowing deals, construction costs and timelines are pretty reasonable compared to other cities.

18 November 2024 | 16 replies
@Philip Jones we've helped our clients do over a hundred.As some of the lenders posting have pointed out, the challenges are:1) Property value and corresponding loan size2) Appraisals have much better comparables than 5 years ago, but may still be an issue.3) Property condition can be an issue via the appraisal4) Ownership seasoning - most lenders looking for 6+ months or incredible documentation for cost of improvements made.5) Most DSR lenders require professional property management.Always try a small local bank or credit union, but most will expect you to transfer your business bank accounts over to them.

25 November 2024 | 14 replies
Also, try to find similar rental units in the same neighborhood to compare to so you have more of a rent range/conservative approach.

20 November 2024 | 10 replies
You are going to need the prior experience to get the loan approval.